Property Overview: 60 Stockdale Street, Varsity View, Winnipeg
This well-situated bungalow in the established Varsity View neighbourhood presents a practical and comfortable living opportunity. Built in 1974, the home sits on a large, approximately 6,566 sqft lot and offers 1,359 sqft of living space with a finished basement and an attached garage. Its appeal lies in a blend of space, location, and value. The generous lot size is a standout feature, offering ample outdoor potential in a central area where such space is increasingly rare. The home’s recent sale in March 2024 for $410,000, above its assessed value, suggests a market recognition of these attributes. It would particularly suit first-time buyers, downsizers, or investors seeking a low-maintenance, single-storey layout in a mature neighbourhood close to the University of Manitoba, major routes, and amenities. The rankings provided indicate it performs well on key metrics like lot size and overall value within Winnipeg, positioning it as a competitively sized property in a desirable location.
Key Questions & Considerations
1. What is the condition of the major systems (roof, HVAC, plumbing, electrical) given the home's age?
A 1974 build will likely have seen updates or require attention to these critical components. A pre-purchase inspection is essential to understand the current state and anticipate any near-term capital expenditures.
2. How does the finished basement contribute to the living space?
Understanding the layout, ceiling height, natural light, and whether it includes a legal secondary suite or additional bedrooms will clarify the home's true functional capacity.
3. What are the specific advantages and drawbacks of the Varsity View location?
While proximity to the university and transit is a major plus, potential buyers should consider traffic patterns, student rental density in parts of the area, and the specific street's noise and privacy levels.
4. What upgrades or renovations have been completed, and are permits available?
Recent updates to kitchens, bathrooms, or windows add value. Documentation for any major work, especially on the finished basement, provides confidence and ensures compliance.
5. What is the long-term potential of the large lot?
Beyond gardening, the lot size may allow for future expansions like an addition, a large garage, or a deck. It’s wise to investigate local zoning bylaws and any restrictive covenants to understand the possibilities.